AI stocks slump again worldwide, while oil prices tick higher

Computer chipmakers and other AI boom winners are slumping again, weighing on stock markets worldwide and offsetting strength in the rest of Wall Street. The S&P 500 was virtually unchanged after pulling within 0.5% of its all-time high last month, while the Dow Jones rose 0.2% and the Nasdaq fell 0.5% as of mid-morning trading.

Why it matters: The selloff in AI-related stocks is happening alongside a tick higher in oil prices, adding to market uncertainty.